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Arguements among many critics tell that the emissions that cryptocurrency production involves can harm the earth. It thereby increases the Earth’s warmth. Undoubtedly mining involves using complicated computer software that consumes a great amount of power. Amidst these hassles, the market saw the advent of the Hedera Network.

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HBAR is the native cryptocurrency of this network. Promising to bypass the conventional cons of most cryptos in the market, Hedera Network can yield substantial cryptos without affecting the Earth, with its low bandwidth consumption. That is why it’s of great interest to most investors who are nature conscious.

Did you know that HBAR is called the green Crypto because it uses up less energy, and takes a step towards sustainability?

The Hedera Network, deemed as an eco-friendly alternative, offers other superior benefits as well. With this network and crypto, making network transactions and microtransactions is just a click away, with it’s a highly secure system.

Want to invest in an altcoin that can yield profit and sustainability? But wondering if it could be the right move now? To make your journey to the decision easy, here is a deep analysis, trends and predictions of HBAR.

Overview

Cryptocurrency Hedera Hashgraph
Token HBAR
Price(At Press Time) $ 0.229
Market cap $1,965,352,946
Circulating Supply 8.58 billion HBAR
Trading Volume $195,016,374
All time high $ 0.4495  March 15, 2021
All time low $0.01001 January 02, 2020

What is Hedera Hashgraph (HBAR) ?

  • The Hashgraph network was developed in mid-2010 co-founded by Leemon Bird.
  • However, the initial release happened seven years later, by July 2017.
  • The project happened for several years and was found by a company called Hedera Hashgraph, in Texas.
  • It is known for the higher transaction speeds, and statistics say that, around 10,000 transactions are possible per second.
  • And that is why Hashgraph is often referred to as a blockchain superior because all payments can happen rapidly, fairly and securely. 
  • By granting SAFT, which is a simple agreement for future tokens, the network has turned over $124 million in just three years.
  • There are more than ten crypto exchanges where HBAR can be bought, sold or exchanged.
  • Some famous exchanges include Binance, Bittrex, Paybito and OKEx.

Also Read: Polygon Price Prediction: Will MATIC Price Hit $5 By 2021?

HBAR Price Prediction 2021

The HBAR price started this year at $0.03 and stayed the same negligible for the first few days. But the price started smashing and escalated up to $0.1 the following months. Currently, it is seen sailing near $0.2. However, the bulls are expected to rally for the currency and may reach a maximum price of $1 by the end of 2021. The average price may be near $0.6. On the lower end, it may reach a price near $0.3.

HBAR Price prediction 2022

The following year is expected to see a further rise in the price figures. Predictions say that the average price at which HBAR will trade by the end of 2022 will be $1.2. It is expected that the price trends will reach a high near $1.5. If the trends get reversed the price may reach a low of $0.9

Price Prediction For The Next Five Years

The next five year predictions believe that the price movements move up the graph. From an average value of $1.2 by the end of 2022, the price is expected to move beyond $2 and reach $2.29 by the next five years. However, the lowest price the coin could see may be near $2. Also, the coin is expected to smash a new ATH of $4 in the coming years

Our Price Prediction

The HBAR price is expected to move up and reach new ATH in the coming years. We predict that by the end of 2021, HBAR may reach a price figure near $0.8. However, the $1 milestone is expected to come true by 2022. By the end of five years, the highest value may be around $4.5 and lowest price may be near $1.5. The average price would sail around a decent figure of $2.

 HBAR Market Price Predictions

Let’s now see how different platforms have predicted the price trends of HBAR.

Walletinvestor

According to their predictions the HBAR price is expected to climb the graph steadily. They believe that the coin will reach a price of $0.6 by the end of this year. After five years, the price is expected to sail near $3.2. And they strongly believe that $1 may not be easy this year.

Digitalcoinprice

They have predicted the Hedera Hashgraph price to move up the curve and reach $0.349 by the next year which is twice its current price. The highest price expected in the near future is around $1.4.

Govcapital.com

The HBAR price predictions by Govcapital say that the price is expected to reach around $0.7 by the end of this year. The price is believed to escalate and reach a new milestone of $5 in the next five years.

Also Read: Enjin Coin Price Prediction: Will ENJ Price Reach $10 By The End Of 2021?

Hedera Hashgraph Historic price sentiments

2019

The year started with a negligible price figure of HBAR and remained the same for a few months. However, by September, the closing price was seen moving between $0.03 and $0.05. The price trends were highly wavering and by the end of 2019, the price dripped and was at $0.01.

2020

The year commenced with a price of $0.01 and remained the same for the first month. However by February, the price surged and was sailing high, swinging between $0.02 and $0.07. By mid of 2020, the price was steadily moving at $0.04. But by the end of 2020, the price again dropped to $0.03.

FAQ

Is HBAR investment a profitable one?

Yes, according to trusted predictions the HBAR price is expected to rise with the coming years. The long term earning potential is around 267%.

Will HBAR price hit $1 by the end of 2021?

HBAR is expected to reach a $1 price figure by the year of 2022. But if the trends favour the coin, the $1 milestone may be achieved by the end of 2021.

Will HBAR price crash in the future?

No. HBAR price is only expected to move upwards and will not possibly crash in the future.

Is HBAR a good investment?

Hedera Hashgraph (HBAR) is considered a terrific long-term investment opportunity and probably one of the few cryptocurrencies that could generate profit in the face of a bear market or adverse economic conditions. Hedera is a good investment because its technology is superior to all other cryptocurrency.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Bitcoin had a unstable Tuesday, for a short time

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Bitcoin’s near 50% reduction from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment. Bitcoin had a unstable Tuesday, for a short time it was dipping below $30,000. That was for the first time since January before settling around $33,000 at press time. The world’s largest cryptocurrency by market value, is Bitcoin.  It is still up about 11% year to date, according to CoinDesk 20 data.

“The primary reason for the sell-off has been the crackdown in China on mining operations and banking services,”. The analyst at multi-investment platform eToro who is Simon Peters, talked about this.

Regulatory forces from China is always a very big problem for cryptocurrencies. Which is why the near-50% reduction from all-time highs surprised some analysts.

“The news out of China regarding mining and trading crypto may seem dramatic to newer investors, while those with experience should used to the progression of this news over the past several years,” . This was by Sean Rooney, head of research at crypto asset manager Valkyrie Investments.

The effect of regulatory crackdown

Maybe an exasperated regulatory crackdown was not fully priced in given how the price of bitcoin almost doubled over the past year.

“Today we polled our 950+ person community to gauge their opinion on where the bitcoin bottom may be, and we received split answers for $28,600 and $25,500,” . Nick Mancini wrote about it. He is also the research analyst at crypto sentiment data provider Trade the Chain.

In addition, others stay more hopeful and confident about the future, where bitcoin’s price is going. “Bitcoin is currently trading approximately one-third below its long-term exponential trend line,”. A phenomenon that it has only exhibited for 20% of the time in bitcoin’s history, according to Stephen Kelso.

As the head of markets at ITI Capital said. “Given the market forces and demand for scarcity assets to protect wealth, ITI believes this is an attractive buying opportunity for investors.”

For now, $30,000 remains a key support level, even though technicals show limited upside towards $34,000-$36,000.

MicroStrategy

MicroStrategy’s newest relationship to finance the company’s additional buying of bitcoin is now trading under its face value as the cryptocurrency keep falling and decreasing.

Prices on the $500 million bond, which closed on June 15, fell almost three points after the company said on Monday. That it completed its purchase of 13,005 bitcoin at an average price of $37,617. Bitcoin was trading at around $32,542 as of press time.

At last count, MicroStrategy held 105,085 bitcoins. The company so far issued more than $1.5 billion in changeable notes and junk bonds to fund such purchases. Blockchain data shows low request for transactions over the past few months.

Bitcoin and Ethereum Transfer

“Both Bitcoin and Ethereum experienced dramatic slowdowns in on-chain activity, with active addresses and total transfer volume falling back to 2020 and early 2021 levels,” .Mentioned Glassnode in a newsletter published on Monday.

Bitcoin’s active addresses decreased 24% from the March peak. While Ethereum’s share in falling in active addresses was more. It dropped 30% from peak levels.

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Bitcoin Holds $30K Support After Unstable Tremble; Resistance at $36K

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Bitcoin (BTC) went back to above the $30,000 level on Tuesday. After an unstable trading session this happened. Buyers started stepping in with a fast speed. As oversold conditions appeared on intraday charts. The next level of resistance is around $36,000, which could limit further upside.

The world’s biggest cryptocurrency by market value was trading around $34,000 at press time. And it is up 9% over the past 24 hours.

The near-10% price fall on Tuesday was typical of a tremble. Which signals a period of market uncertainty when sellers surrender.

Bitcoin’s two-month decreasing movement appears exhausted after the relative strength index (RSI) on the daily chart registered a higher low. This means buyers can stay active towards upper resistance levels.

The RSI on the four-hour chart is not yet overbuy. Even though bitcoin is still under the 100-period moving average, offering resistance could be found at $36,000.

Stronger resistance is at $40,000 which is near the superior bound of a month-long range.

Bitcoin looks to have bottomed out

While bitcoin (BTC, +1.73%) looks to found a bottom, a quick rally to record highs looks unprobable. Analysts are talking about that the cryptocurrency now faces price consolidation.

“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” . The trader and analyst Alex Kruger said.

Prices went up to $41,000 early last week before turning south in the latter half after the Federal Reserve’s unexpected hawkish dip on interest rates. Market signal and market value of cryptocurrencies are showing major fall.

Bearish sentiment got stronger on Monday after the People’s Bank of China repeated its crypto banking ban in the wake of the Chinese government’s crackdown on crypto mining. Bitcoin expanded the previous week’s sell-off. It continued hitting five-month lows near $29,000 during early U.S. hours Tuesday.

Stack Funds is also keeping a careful stance in spite of signs of bargain hunting.

“We have noticed that whales (large investors) are re-entering the market as risk appetite returns,” it said in a research noted published Wednesday. Short-squeeze hunters are also exiting the market, it said.

“We believe bitcoin is very close to the bottom, at least in this current wave,” analysts are talking about it. But, “we will keep a close eye on bitcoin’s price post options expiry, and it will be interesting to see how this will unfold in the first week of July, the start of the third quarter.”

Bitcoin price is 33,322.70 at the time of this report.

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